NVIDIA Investment Aims to Assist Building the U.K.’s AI Industry

NVIDIA announced an investment of £2 billion ($2.7 billion in USD) in the U.K. market to spearhead the nation’s AI startup ecosystem and scale the next generation of globally transformative AI businesses.

The new capital will be used to foster economic growth, develop more innovative AI technologies, create new companies and jobs, and empower the U.K. to compete in the AI market globally, according to NVIDIA.

Scaling AI companies in the U.K. has been challenging due to limited access to supercomputing, constrained venture capital outside London, rising energy costs and difficulty for VCs to access leading academic institutions, where many researchers are also entrepreneurs. NVIDIA, in collaboration with Accel, Air Street Capital, Balderton Capital, Hoxton Ventures and Phoenix Court, will accelerate the U.K. AI ecosystem by providing new capital for AI startups.

“This is the age of AI—the big bang of a new industrial revolution,” said Jensen Huang, founder and CEO of NVIDIA. “The United Kingdom is in a Goldilocks moment, where world-class universities, bold startups, leading researchers and cutting-edge supercomputing converge. There has never been a better time to invest in the U.K.—AI is unlocking new science and sparking entirely new industries. With new capital and advanced infrastructure, we are doubling down to empower the U.K. to lead the next wave of AI innovation.”

The investment will expand access to capital in key U.K. economic centers, AI growth zones and deep technology ecosystems such as London, Oxford, Cambridge and Manchester.

NVIDIA’s investment, combined with new, world-class AI infrastructure, will empower researchers and developers nationwide, fueling the launch and growth of AI startups, the company said.

Following NVIDIA’s recent commitment to manufacturing AI supercomputers in America, the investment will be domiciled in the United States and activated in the United Kingdom, celebrating the transatlantic partnership between the two countries.

For more information about this news, visit www.nvidia.com.